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Where do you save your money?

  • Thread starter Thread starter Kamon c4
  • Start date Start date
I save money in several places, both in my bank, as in Bitcoin in different wallets and I also save in stock indexes, although this is less common or so I think, I save investing in very reputable indexes, such as the Nasdaq100 and SP500, I also have some digital gold.
 
riberet19 said:
I save money in several places, both in my bank, as in Bitcoin in different wallets and I also save in stock indexes, although this is less common or so I think, I save investing in very reputable indexes, such as the Nasdaq100 and SP500, I also have some digital gold.
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I dont know ,much about bitcoin but I also save my money in the bank sometime I save with my litcion but its far risky that way because you can see payment processor come and go so I save only what I can afford to loss there if anything happen I wont be at much loss
 
If you intend to save money for a long term and also want to compound your interest on your savings, the best way to do it is by saving it in Bitcoin. The percentage of growth in bitcoin is very compated to the growth on your fiat money in your saving account.
 
Kamon c4 said:
As known people saves at the bank, home or better still save in bitcoin wallet.
Which one do you prefer?
Less we forget most old people doesn’t know about saving in bitcoin wallet in my region
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It is going to be a very bad decision for you to save your money in cryptocurrencies because of the high volatile nature that they have which can easily make it to lose all of your money.

You can decide to invest your money in cryptocurrency and see the Investment grow whenever cryptocurrencies prices appreciate but not something that you will use to save money.
 
Heatman said:
It is going to be a very bad decision for you to save your money in cryptocurrencies because of the high volatile nature that they have which can easily make it to lose all of your money.

You can decide to invest your money in cryptocurrency and see the Investment grow whenever cryptocurrencies prices appreciate but not something that you will use to save money.
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Well, a person could save money using stablecoins. However, the major problem with these coins is the fact that such kind of coins are still risky. I mean just look at what happened to the TerraUSD! It was a stable coin and it was pegged to the US dollar. It crashed in a really miserable manner.
 
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